SoFi Technologies, Inc. ( SOFI ) shares are trading higher Thursday. Inflation data came in cooler-than-expected and fueled investors' hopes for interest rate cuts in the near-term.  The Details: The Consumer Price Index marked its lowest print since May 2020 with headline CPI inflation slowing from 3.3% in May 2024 to 3% in June 2024 on a year-over-year basis. The...

(Updates at 1450 GMT) By Alun John LONDON, July 11 (Reuters) - Euro zone bond yields dropped sharply on Thursday, mirroring a fall in Treasuries after data showed U.S. consumer inflation unexpectedly fell in June, drawing the Federal Reserve another step closer to cutting interest rates. Germany's 10-year bond yield, the benchmark for the euro zone bloc, was down 7...

(Updates with CPI) July 11 (Reuters) - The U.S. Federal Reserve held its benchmark overnight interest rate steady in the 5.25%-5.50% range at the conclusion of its June 11-12 policy meeting. U.S. central bank officials remain uncertain about the timing of a first rate cut and say they want to see more data confirming that inflation will fall, even if...

11:10 AM EDT, 07/11/2024 (MT Newswires) -- Shares of major airlines, including United Airlines (UAL) and American Airlines Group ( AAL ) , fell in recent Thursday trading after Delta Air Lines ( DAL ) issued Q3 earnings guidance below analysts' estimates. Delta Air Lines ( DAL ) said it expects Q3 adjusted earnings per share of $1.70 to $2....